Potassium Bicarbonate Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Potassium Bicarbonate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Potassium Bicarbonate Price Trend for Q1 of 2024
Throughout the first quarter of 2024, the potassium bicarbonate market demonstrated resilience with stable phases interspersed with minor fluctuations across Asia, Europe, and North America. In Asia, the market's initial price drops were affected by limited changes within the agricultural sector and reduced cost support, compounded by festive delays due to the Chinese New Year and spring festivities.
Potassium Bicarbonate Price Chart
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These factors led to decreased production and slower shipments, which, along with disruptions in the Red Sea shipping routes, adversely impacted exports to Europe and the U.S., leading to weakened market conditions. Meanwhile, in Europe, particularly in Germany, there was a notable increase in potassium bicarbonate prices driven by a global rise in demand and constricted supply chains. This uptrend was supported by positive agricultural sentiment as the spring sowing season commenced, despite a slow start due to a decrease in overseas purchases and challenges in the production sector.
In North America, the market experienced a relatively positive trend, primarily influenced by constrained supplies due to the Red Sea crisis and an uptick in demand from the fertilizer sector. This was further bolstered by favorable planting conditions for key crops such as corn, cotton, and sorghum, which had suffered from prolonged droughts. Collectively, these conditions across the regions contributed to a generally upward trajectory in potassium bicarbonate prices during the period.
Analyst Insight
According to Procurement Resource, not much change is expected in the Potassium Bicarbonate prices immediately; however, inventory pressure can rise in the long term.
Procurement Resource provides latest prices of Potassium Bicarbonate. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Potassium bicarbonate is a white, crystalline salt used widely as a fungicide in agriculture, especially in organic farming. In the food industry, it serves as a leavening agent in baking and is an ingredient in effervescent drinks. It’s also employed in winemaking to adjust acidity. Medically, potassium bicarbonate is used as an antacid and electrolyte replenisher. Additionally, it's utilized in fire extinguishers for combating electrical and flammable liquid fires and in aquaculture to manage water pH levels.
Report Features | Details |
Product Name | Potassium Bicarbonate |
Chemical Formula | KHCO3 |
Industrial Uses | Agriculture as a Fungicide, Food Industry as a Leavening Agent, Fire Extinguishing Agents, Medicine as an Antacid and Electrolyte Supplement, Effervescent Drinks, Winemaking to Reduce Acidity, Aquaculture to Regulate pH Levels |
Molecular Weight | 100.12 g/mol |
CAS number | 298-14-6 |
Synonyms | Potassium Hydrogen Carbonate |
Supplier Database | Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, Hebei Xinji Chemical Group, Shanxi Wencheng Chemical, Toagosei Group |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Initially, potassium carbonate is prepared by the chemical reaction between liquid caustic potash and carbon dioxide. The compounds react to give potassium carbonate with a water mixture. The mixture obtained is further filtered and dried to obtain potassium carbonate as an intermediate. Finally, potassium carbonate is treated with carbon dioxide and then recrystallized to give potassium bicarbonate as the final product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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